MasterCard: ⬆️ Buy
– MasterCard reversed from support zone
– Likely to rise to resistance level 580,00
MasterCard recently reversed from the support zone between the support level 560.00 (former resistance from February), 20-day moving average and the 38.2% Fibonacci correction of the upward impulse 3 from July.
The upward reversal from this support zone started the b-wave of the active short-term ABC correction 4.
Given the strong daily downtrend, MasterCard can be expected to rise further to the next resistance level 580,00 – which has been reversing the price from December.